INFLATION WATCH – July 2025
Inflation Watch – Nigeria’s Inflation Falls to 21.88% in July, Fourth Monthly Drop Nigeria’s inflation rate declined for the fourth consecutive month in July 2025, settling at 21.88% y/y, down from 22.22% in June, according to the latest data from…
FINANCIAL MARKETS TODAY – 14 August 2025
System Liquidity System liquidity stayed in deficit at about ₦35.30bn, driving higher funding costs as the OPR and O/N rates rose to 32.30% and 32.60%, respectively, amid elevated DMB borrowings from the CBN’s SLF. Treasury Bills Amid tight system…
FINANCIAL MARKETS TODAY – 13 August 2025
System Liquidity System liquidity fell to a ₦32.23 billion deficit as DMBs’ borrowings from the CBN’s SLF window rose ₦56.3 billion to ₦311.7 billion, pushing the OPR up 340bps to 32.10% and the O/N rate up 310bps to 32.50%. Treasury Bills The NTB market…
FINANCIAL MARKETS TODAY – 12 August 2025
System Liquidity System liquidity fell by ₦151.1 billion from ₦313.9 billion, pushing OPR and O/N rates up by 228bps and 240bps to 28.70% and 29.40%, respectively. Treasury Bills The NTB market closed bearish, with average yield rising 2bps to 17.90% as…
FINANCIAL MARKETS TODAY – 11 August 2025
System Liquidity Liquidity moderated as system balances dropped ₦436.38Bn, driven by SLF borrowings which rose to ₦186.3Bn from ₦25.0Bn. Despite the tighter conditions, funding costs eased slightly with OPR at 26.42% and O/N steady at 27.00%. Treasury…
FINANCIAL MARKETS WEEKLY – 08 AUGUST 2025
System Liquidity The money market saw mild volatility, with early funding rate increases despite strong liquidity, before a sharp mid-week swing to a ₦1.61 trillion deficit after the ₦2.13 trillion OMO settlement. Liquidity rebounded to a ₦750.3 billion…
FINANCIAL MARKETS TODAY – 7 August 2025
System Liquidity System liquidity rebounded to a ₦229.4 billion surplus following a ₦173.25 billion NTB settlement. Funding rates were broadly stable, with the OPR unchanged at 26.6% and the O/N rate up slightly by 2bps to 27.02%. Treasury Bills The NTB…
FINANCIAL MARKETS TODAY – 6 August 2025
System Liquidity System liquidity swung sharply into a deficit of ₦1.6 trillion from a previous surplus of ₦2.3 trillion due to the recent OMO auction settlement. Despite this, the Overnight Policy Rate (OPR) and Overnight (O/N) rate declined by 60bps…
Monthly Financial Market Update – July 2025
Global Macroeconomic Review The U.S. labor market showed clear signs of slowing in July, with employers adding just 73,000 jobs, well below expectations, while May and June payrolls were revised downward by a combined 258,000. The unemployment rate…
FINANCIAL MARKETS TODAY – 5 August 2025
System Liquidity Interbank liquidity rose sharply to ₦2.26tn from ₦1.21tn ahead of tomorrow’s NTB auction. However, funding costs increased, with the average rate up 60bps to 27.35%, the OPR up 50bps to 27.50%, and the O/N rate up 70bps to 27.20%.…
